PROTECTED SOURCE SCRIPT
TradeTale Timeline Breakout Alert
Updated
Logic of this indicator:-
A Horizontal line is drawn at the time selected.
Time (hour & minutes) can be changed in the settings.
This horizontal line is extend till the next trading day.
Candle closing above or below this Timeline generate Signals.
How to use:-
Long Signal appears when a candle closes above this horizontal line.
Short Signal appears when a candle closes below this horizontal line.
Chart Timeframe:-
This Indicator works on all timeframes.
Traders should set stop loss and take profit levels as per risk reward ratio.
Note:-
Time filled in settings should match with one of the candle close time on the chart applied.
Like other technical indicators, This indicator also is not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc).
THIS INDICATOR IS FOR EDUCATIONAL PURPOSE AND PAPER TRADING ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING. WE ARE NOT SEBI REGISTERED.
Hope you all like it
happy learning.
A Horizontal line is drawn at the time selected.
Time (hour & minutes) can be changed in the settings.
This horizontal line is extend till the next trading day.
Candle closing above or below this Timeline generate Signals.
How to use:-
Long Signal appears when a candle closes above this horizontal line.
Short Signal appears when a candle closes below this horizontal line.
Chart Timeframe:-
This Indicator works on all timeframes.
Traders should set stop loss and take profit levels as per risk reward ratio.
Note:-
Time filled in settings should match with one of the candle close time on the chart applied.
Like other technical indicators, This indicator also is not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc).
THIS INDICATOR IS FOR EDUCATIONAL PURPOSE AND PAPER TRADING ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING. WE ARE NOT SEBI REGISTERED.
Hope you all like it
happy learning.
Release Notes
TSL & Scalper added.Protected script
This script is published closed-source and you may privately use it freely.
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Disclaimer
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